Question: Julia can sell a certain product for $110 per unit. Total cost consists of a fixed overhead of $7,500 plus production costs of $60 per

Julia can sell a certain product for $110 per unit. Total cost consists of a fixed overhead of $7,500 plus production costs of $60 per unit.

a. Express Julia’s total revenue, total cost, and total profit in terms of x, the number of units sold. Sketch the total revenue and total cost functions on the same set of axes.

b. How many units must be sold for Julia to break even?

c. What is Julia’s profit or loss if 100 units are sold?

d. How many units must be sold for Julia to realize a profit of $1,250?

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